Dr Martens tumbles as investor sells 70m shares in placing
Dr. Martens
53.20p
13:55 20/09/24
-17.00%
-10.90p
Dr Martens tumbled on Friday after an unnamed investor sold around 70m shares in the iconic boot maker in a placing.
FTSE 250
20,900.03
13:55 20/09/24
n/a
n/a
FTSE 350
4,554.59
13:55 20/09/24
n/a
n/a
FTSE All-Share
4,511.34
13:55 20/09/24
n/a
n/a
Personal Goods
10,155.01
13:54 20/09/24
-5.21%
-558.25
According to Bloomberg, the shares were placed at 57.85p each, which is discount of around 9.8% to the last closing share price.
The shares were placed via Goldman Sachs.
At 1130 BST, Dr Martens shares were down 15.8% at 53.95p.
(This story corrects an earlier story which stated that Dr Martens' largest shareholder, IngreGrsy, had sold the shares.)